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Low demand drags down nickel futures by 0.38%

Press Trust of India  |  New Delhi 

prices declined by 0.38 per cent to Rs 763 per kg in futures trade Thursday as speculators reduced exposure amid easing demand in the spot market.

At the Multi Commodity Exchange, for delivery in December fell by Rs 2.90, or 0.38 per cent to Rs 763 per kg in business turnover of 501 lots.

On similar lines, the for delivery in 2.60, or 0.34 per cent to Rs 756.50 per kg in 1,461 lots.

Analysts attributed the fall in futures to cutting down of positions by traders due to fall in demand from alloy-makers in the spot market.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 29 2018. 11:15 IST